Cannabis company Newstrike Brands Ltd. will create co-branded edibles with Canadian specialty foods company Neal Brothers Inc., best known for its chips and salsa, reports CBC. Newstrike will own 60 percent and Neal Brothers will own 40 percent of a joint venture that will manufacture, distribute, market, and sell cannabis-infused products.
The partners will develop edible cannabis products at Newstrike's licensed operation in the Niagara community of Lincoln, Ontario. Newstrike will acquire a minority interest in Neal Brothers and receive advisory services from Peter and Chris Neal under the conditional deal, subject to regulatory and other approvals. Full Story
Related: SFA Trendspotters Name 2019 Trends; Consumers Interested in Cannabis-Infused Food, Drink.
from Specialty Food News https://ift.tt/2AxD2Zx
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